STATE BANK O F INDIA
BANGALORE COMMERCIAL BRANCH, KRISHI BHAVAN, HUDSON CIRCLE, BANGALORE - 560 001 TELEPHONE : 2236701
The branch was been opened on 2nd May 2001 and caters to the exclusive needs of the top Commercial clientele whose needs are in excess of Rs. 25 lacs. The branch is headed by a Deputy General Manager with Two Commercial Banking Departments and International Banking Division headed by a Asst. General Manager and Chief Managers. The branch is ideally located at the centre of Bangalore in Hudson Circle.
The Domestic Term Deposit Interest rates offerred are as under {effective 05.03.2001) :
DURATION INTEREST RATE % P.A.
For Deposits Less than Rs. 15 lacs:
15 days and upto 45 days - 5.25
46 days and upto 179 days - 6.50
180 days to less than 1 year - 7.00
1 year to less than 2 years - 8.50
1 years to less than 3 years - 9.00
3 years and above - 9.50
DURATION Rs.15lacs upto Rs.1 Cr. Rs.1 Cr. & Over
15 days and upto 45 days 5.50 5.75
46 days and upto 179 days 6.75 7.00
180 days and less than 1 year 7.00 7.00
1 year to less than 2 years 8.50 8.50
2 years to less than 3 years 9.00 9.00
3 years and above 9.50 9.50
The enhanced rates on deposits of Rs. 15 lacs and over are payable only if the deposit runs for the full contracted period.
LENDING RATES
Prime Lending Rate [State Bank Advance Rate - SBAR] - 11.50 % pa
Medium Term Lending Rate [SBMTLR] - 12.00 % pa
Short Term Prime Lending Rate [SBSTAR] - 10.50 % pa
(for maturity upto 180 days)
Short Term Prime Lending Rate [SBSTAR] - 11.00 % pa
(for maturity exceeding 180 days but less than 1 year)Other Places to go:
